On 1 September 2021, Accounting and Audit Regulator (“ACAR”) issued Circular 009 on the Usage of Khmer Language and Currency in Accounting Records and Financial Statements (“Circular 009”) comes into effect from 1 January 2022.
The 2016 Law on Accounting and Auditing (Royal Kram No. NS/RKM/0416/006 dated 11 Apr 2016) and Sub-decree 79 (ANKr.BK dated 1 June 2020) present the obligations and penalties for entities in relations to maintaining accounting records and financial statements in Khmer language and currency. Click here to learn Law on Accounting and Auditing and here Sub-decree 79.
The details of Circular 009 are:
During the implementation of this Circular, ACAR will monitor follow up and evaluate the capability, viability and levels of compliance in terms of ensuring that accounting records are maintained in Khmer language and denominated in KHR as set out above.
The ACAR may request or direct the introduction of additional procedures to implement this Circular.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (“ACAR”) and member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA).
Should you need any further information or support, please contact us at: firstname.lastname@example.org.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: email@example.com (accounting), firstname.lastname@example.org (audit), email@example.com (tax) and number and telegram 085 36 8888 and 070 399 888.